United Trust Bank has announced substantial rate reductions of up to 190bps across a selection of its BTL mortgage products for single let, HMO, MUB and holiday let applications. Pricing highlights are:
Standard range:
◦ 2yr fix from 3.89% – (reduced from 5.69%)
◦ 5yr fix from 5.19% –
Specialist range:
◦ 2yr fix from 4.24%
◦ 5yr fix from 5.49%
Non-standard range:
◦ 2yr fix from 4.69%
◦ 5yr fix from 6.14%
UTB recently made a number of enhancements to its BTL mortgage proposition designed to give brokers more choice when supporting professional, larger landlord clients. These included:
• No upper limit on landlord’s total portfolio size
• Up to 6 properties can now be mortgaged with UTB
• Maximum UTB lending increased to £2.5m
Buster Tolfree of UTB says: “These lower rates combined with our BTL criteria enhancements will give brokers greater choice for their landlord clients who need the flexibility of a specialist lender without compromising on price. We help a wide variety of landlords seize opportunities to grow their single let, HMO, MUB and holiday let portfolios and find value in property types many lenders disregard.”
This article is taken from Landlord Today